External broker reports(aggregated public sources), Scotiabank

Scotiabank

External broker reports(aggregated public sources)

Scotiabank’s global foreign exchange strategy team provides in-depth regional insights and macro-economic analysis for G10 and advanced economies, Asia Pacific, and Latin America. Find technical and fundamental strategy reports focused on trade ideas, market risks, and the unfolding macro outlook. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

FX & Rates

<ul><li>FX Market Update—Markets are generally steadier after yesterday’s swings. Global stocks are mostly positive and US equity futures are in the green.</li><li>Major bond markets are adding to yesterday’s gains but US Treasurys are little changed.</li><li>The USD is trading mixed versus its major currency peers but has edged off the early session low atter European FX weakened on softer data. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

FX Market Update—Markets are generally steadier after yesterday’s swings. Global stocks are mostly positive and US equity futures are in the green.Major bond markets are adding to yesterday’s gains but US Treasurys are little changed.The USD is trading mixed versus its major currency peers but has edged off the early session low atter European FX weakened on softer data. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

FX Daily - USD Steadies as EUR Slips on Soft PMI Data

<ul><li>FX Market Update—The USD remains firm but gains versus the core majors are relatively minor, leaving the more significant USD advances on day so far concentrated against the likes of the MXN and ZAR as well as the NOK and SEK.</li><li>The GBP, CHF and JPY are all down less than 0.1% while the EUR is fractionally higher at writing. Stocks are lower in Asia and Europe while US futures are weaker.</li><li>Crude prices are slightly lower and bond market volatility remains elevated. US 10Y yields are up 9-10bps in overnight trade, reaching a little above 5%, while core European yields are up 7bps or so on the day. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

FX Market Update—The USD remains firm but gains versus the core majors are relatively minor, leaving the more significant USD advances on day so far concentrated against the likes of the MXN and ZAR as well as the NOK and SEK.The GBP, CHF and JPY are all down less than 0.1% while the EUR is fractionally higher at writing. Stocks are lower in Asia and Europe while US futures are weaker.Crude prices are slightly lower and bond market volatility remains elevated. US 10Y yields are up 9-10bps in overnight trade, reaching a little above 5%, while core European yields are up 7bps or so on the day. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

FX Daily - USD Firmer but Core Majors Hold Steady

<ul><li>The CAD is ending the week slightly lower versus the USD. While this week’s data run has looked a bit soft, considering lower than expected the CPI data and today’s Retail Sales report, the broader tone of Canadian economic data continues to run a little warm— data reports are generally running a bit ahead of expectations.</li><li>And even with CPI easing a little in the September month, prices remain elevated and the risk of inflation getting stuck above target remains.</li><li>Factors driving the CAD have negatively shifted this week, however; correlations across a range of variables are strengthening but remain below statistically significant levels. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

The CAD is ending the week slightly lower versus the USD. While this week’s data run has looked a bit soft, considering lower than expected the CPI data and today’s Retail Sales report, the broader tone of Canadian economic data continues to run a little warm— data reports are generally running a bit ahead of expectations.And even with CPI easing a little in the September month, prices remain elevated and the risk of inflation getting stuck above target remains.Factors driving the CAD have negatively shifted this week, however; correlations across a range of variables are strengthening but remain below statistically significant levels. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

CAD Weekly Outlook - CAD Tone Remains Soft, Focus Turns to BoC

<ul><li>FX Market Update—Risk aversion is the primary characteristic of the markets this morning.</li><li>Global stocks remain soft as investors reduce exposure to equities amid concerns about a weekend escalation of the Israel/Hamas conflict.</li><li>Crude oil prices have picked up a little while major bond markets are mixed; US Treasury yields have eased 4- 5bps from yesterday’s close.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

FX Market Update—Risk aversion is the primary characteristic of the markets this morning.Global stocks remain soft as investors reduce exposure to equities amid concerns about a weekend escalation of the Israel/Hamas conflict.Crude oil prices have picked up a little while major bond markets are mixed; US Treasury yields have eased 4- 5bps from yesterday’s close.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

FX Daily - USD Mixed Despite Weak Risk Appetite

External broker reports(aggregated public sources), CMB International

CMB International

Incorporated in Hong Kong, supported by the mainland and targeting in global market, CMB International Capital Corporation Limited (“CMBI”) is an integrated financial institution providing comprehensive and professional services. As a wholly-owned subsidiary of China Merchants Bank ("CMB"), by leveraging on the Group’s synergy and coordination in domestic and overseas markets, as well as CMB’s strong resources and outstanding social reputation, CMBI and its subsidiaries have been actively implementing diversified business strategies and set up an overall layout of main business segments including Corporate Finance, Asset Management, Wealth Management, Global Markets and Structured Finance, etc. Adhering to the philosophy of “being clients oriented and increasing our own values by the way of creating value for clients”, CMBI endeavors to provide quality and integrated financial services to institutional, corporate and individual customers both domestic and overseas including Hong Kong IPO sponsorship and underwriting, share placement and rights issue for listed companies, financial advisors, bonds issuance services, asset management, direct investment, wealth management, equity sales and trading, etc.

Credit

<ul><li>Last night, Huarong announced the 5th round of offshore bond repurchases. In this round, the repurchased amount was USD201.12mn in principal.</li><li>All of these were conducted between 12-19 Oct’23. The focuses remain to be on longerdated and lower cash price bonds.</li><li>HRINTHs are our top picks of the Chinese AMC sector given the better risk-return profiles and our expectation of further repurchases. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Last night, Huarong announced the 5th round of offshore bond repurchases. In this round, the repurchased amount was USD201.12mn in principal.All of these were conducted between 12-19 Oct’23. The focuses remain to be on longerdated and lower cash price bonds.HRINTHs are our top picks of the Chinese AMC sector given the better risk-return profiles and our expectation of further repurchases. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

United States

The euro is the official currency of the European Economic & Monetary Union.  The US dollar is the official currency of the United States of America.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

EURO/US DOLLAR (EURUSD CURNCY)

FX Daily - USD Steadies as EUR Slips on Soft PMI Data

FX Market Update—Markets are generally steadier after yesterday’s swings. Global stocks are mostly positive and US equity futures are in the green.

Scotiabank

FX Daily - USD Firmer but Core Majors Hold Steady

The GBP, CHF and JPY are all down less than 0.1% while the EUR is fractionally higher at writing. Stocks are lower in Asia and Europe while US...

Scotiabank

CAD Weekly Outlook - CAD Tone Remains Soft, Focus Turns to BoC

Factors driving the CAD have negatively shifted this week, however; correlations across a range of variables are strengthening but remain below...

Scotiabank

FX Daily - USD Mixed Despite Weak Risk Appetite

Global stocks remain soft as investors reduce exposure to equities amid concerns about a weekend escalation of the Israel/Hamas conflict.

Scotiabank

HRINTH: Room for further repurchases?

Last night, Huarong announced the 5th round of offshore bond repurchases. In this round, the repurchased amount was USD201.12mn in principal.

CMB International

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)